Jun 13 2014
Research and Markets has announced the addition of the "Global Commercial Building Automation Market 2012-2016" report to their offering.
The analysts forecast the Global Commercial Building Automation market to grow at a CAGR of 3.64 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for improved safety systems. The Global Commercial Building Automation market has also been witnessing the increasing adoption of wireless commercial building automation systems. However, the lack of effective product differentiation could pose a challenge to the growth of this market.
The key vendors dominating this market space are Johnson Controls, Inc., Honeywell International Inc., Schneider Electric SA., and Siemens AG.
Other vendors mentioned in the report are Circon Systems Corp., Delta Controls Inc., Invensys Building Systems, Novar Controls Corp., Solidyne Corp., Trane Inc., Tyco International Ltd., and Yamatake Corp.
Commenting on the report, an analyst from the team said: Though the EMEA region contributed less market share to the Global Commercial Building Automation market compared to the Americas, the Commercial Building Automation market in the EMEA region is growing at a faster rate than the Commercial Building Automation market in the Americas. The increasing awareness about commercial building automation systems and the enforcement of government policies toward energy conservation is expected to drive the increasing adoption of commercial building automation systems in this region. In the EMEA region, the Middle East is the fastest-growing region for commercial building automation systems.
For more information visit http://www.researchandmarkets.com/research/2z52p4/global_commercial
Source: http://www.researchandmarkets.com/